Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Grows By 602.0%

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 35,800 shares, a growth of 602.0% from the December 15th total of 5,100 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is currently 1.5 days.

Spear Alpha ETF Stock Up 1.4 %

Shares of SPRX traded up $0.36 on Tuesday, reaching $26.64. The stock had a trading volume of 17,135 shares, compared to its average volume of 39,580. The firm has a 50-day moving average of $26.73 and a 200 day moving average of $24.05. The firm has a market capitalization of $51.15 million, a PE ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a twelve month low of $18.05 and a twelve month high of $30.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. bought a new stake in shares of Spear Alpha ETF (NASDAQ:SPRX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF at the end of the most recent quarter.

About Spear Alpha ETF

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.